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New Home Sales Plummet 17.3% in October

New Home Sales Plummet 17.3% in October

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses during October were at a seasonally adjusted annual rate of 610,000, according to estimates published by the U.S. Census Bureau and the Department of Housing and Urban Development. This represented a 17.3% drop from the revised...
Housing Starts Dropped in October

Housing Starts Dropped in October

by Phil Hall | Nov 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts during October were at a rate of 970,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This represents a 6.9% decline from the September figure of 1.04 million. Privately-owned housing...
Builder Confidence Up for Third Straight Month

Builder Confidence Up for Third Straight Month

by Phil Hall | Nov 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) found builder confidence in the market for newly built single-family homes at a 46 level in November, up three points from October. This marked the third consecutive month...
Q3 Multifamily Property Developer Sentiment is Mixed

Q3 Multifamily Property Developer Sentiment is Mixed

by Phil Hall | Nov 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Multifamily property developers viewed the third quarter with mixed feelings according to the latest Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The first is the Multifamily...
Home Builders Group Congratulates Trump on Election

Home Builders Group Congratulates Trump on Election

by Phil Hall | Nov 6, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) voiced its congratulations to Donald Trump on his return to the White House. While NAHB did not endorse any candidates in this election, it had been repeatedly critical of Biden-Harris administration policies that the...
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